Cindy Takeda
About Cindy Takeda
Cindy Takeda serves as the AVP of Financial Reporting for Brokerage & Distribution at MD Financial Management, where she has worked since 2015. With a background in accounting and finance, she has held various roles at MD Financial Management since 2000, contributing to financial reporting, regulatory compliance, and system integration efforts.
Current Role at MD Financial Management
Cindy Takeda serves as the AVP Financial Reporting for Brokerage & Distribution at MD Financial Management since 2015. In this role, she manages a team of 11 employees responsible for financial and regulatory reporting for various entities, including MDM, MDPT, and MDIAL. Her responsibilities encompass overseeing all client-related general ledger accounts for the brokerage and discretionary business, as well as the fund manufacturer.
Previous Positions at MD Financial Management
Cindy Takeda has held multiple positions at MD Financial Management throughout her career. She began as an Analyst/Regional Administrator from 2000 to 2001 and progressed through various roles, including Banking/Balancing Accountant (2001-2002), Investment Fund Accountant (2002-2004), Senior Accountant (2004-2006), Finance Manager (2006-2010), and Manager of MDM Financial and Regulatory Reporting (2010-2015). Additionally, she worked as a Regulatory Subject Matter Expert for a brief period in 2008.
Integration Efforts with Scotiabank
Cindy Takeda led multiple integration efforts between MD Financial Management and its parent company, Scotiabank. Her focus was on aligning subsidiary processes and systems to achieve efficiency and effectiveness gains. This initiative aimed to streamline operations and enhance the overall financial reporting framework.
Education and Qualifications
Cindy Takeda studied at the University of Ottawa, where she earned a Bachelor of Commerce (BCom) degree with a focus on Accounting and Finance. Her educational background provides a strong foundation for her extensive career in financial reporting and regulatory compliance.
Key Contributions to Financial Reporting
Cindy Takeda has made significant contributions to financial reporting processes at MD Financial Management. She converted the 3rd party executing broker relationship from a subledger to an omnibus model, which included creating a reconciliation process that reduced costs. Additionally, she managed the conversion of the Private Investment Counsel book of record, defining processes for cash management and reconciliations. She also created and documented risks and controls related to financial reporting under the Sarbanes-Oxley Act.